Certificate of deposit.



J. E, HANZLBK.

CERTIMCATE 0F DEPoSm APPLIcATIN man oc. 11. 1912.

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Patemed Deo. 3 19M.

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WIIIIESSEE l. E. HANZLIK.

CERTIFICATE 0F DEPOSIT. AJPUCATioN 1111.9 001.17.1912.

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Patented Dec. 3, 1918.

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\ Lesesaal lTo all whom it may concern:

vide an instrument ofv lthis character that as issued is payable to the bearenbut .embodyposit.' 0 4 The prlnclpal object of my mvention .isto

Be it known that I, JOHN EDwAn-D Hanav71.1K, a` citizen ofthe UnitedStates', lresiding yat Madison, county of Dane, State of Wis-j consin, have invented'a new and useful Certificate' of'Deposit, of which the following a specification.

`li/fy invention relates to certificates of de provide an instrument of thismharacter comprising a promise of the bank to pay one of a plurality offpredetermined, fixed amounts in lieu -of aprincipal deposit with interest thereon at a specified rate, the said lnstrument embodying the several'fixedamounts,

date indicia, blank spaces, and connecting figures in such relationship that the date and amount indicia will reciprocallyjindex each other so that the proper IiXed lamount payableon anydate during the term for which cnn'rrrrcarn or nnrosrr. f

' Specicatonjof Letterslatent.

'Joan n nw. Hamann, or Mawson, wisconsin.

amounts as may be feasible.- lin the drawings, A is the instrument, and B is a detachf ably connected stub. llt is intended that the stub' shall. containa duplicate of the valuev and date indicia embodied in the' instrument .and such other data as the bankmay desire y to retaln.` When the certificate is yissued the stub is detachedv and retained by the bank for reference.

The instrument will comprise an acknowledgment of the deposit of the principal sum,

retreated nec. a, raie.. 1 application inea october miei-a. seriainoxraaaaa a suitable space to receive the name of the depositor, an agreementof `the depositary to pay, preferably to the bearer lof the instrument, the proper one of the plurality of amounts embodied, thereon that represents 'the value of the inatruinent on the date on which it is presented for payment.

the instrument is issued can be seen at a glance and without computing either time or?4 interest. 4

" A further object'of the nventlon is to proving structuraland other means by which'any owner of the instrument may at' any .time -and' anywhere convertit lnto an lnstrument payable to order and 4negotlable by 1ndorse-.

ment only thereafter.

Other objects of .the invention will bedisclosed in the' following description, illusf 35 trated in the drawin the appended claims.

In -the ing my invention,

'Figure 1' illustratesl an instrument embodymg my invention.

lFig. 2 illustrates an instrumenttembody-` ing my invention, illustrating how. the arrangement of amount and date mdlcla may gs and pointed out in accompanying drawings illustrati When making the certilicates the term for.

which theyl are lintended to runl will be diintervals, preferably quarterly intervals 'or uother intervals'of one or more even months, A and fixed amounts will be determined upon,

as thevalues for the instrument during each of the intervals .of the term. These'a-mounts will be arranged preferably in a' column at one end of the instrument alternately with l associated blank date spaces. When the instrument isissued the first blank datespace at the top will` receive the date of the instru- Wt vided into a plurality of regular or irregular ment andthe next space will receive the date representing the end of the first interval and beginning the second interval. The remainlng date spaces will likewise each receive the appropriate date representing the end of one be varied to suit the particular needs of any w community. 4 4

` 'F ig. 'illustrates a slightly modied form `of instrument embodying my invention and v Fig. 4; illustratesa form o f instrument wherein the month day indicia 1s made a permanentpart of the instrument by beingl embodied in the printed form.

l propose to manufacture' the instruments of my invention .in principal even amounts of $5.00, $20.00', $500.00' as illustrated in the drawings (l, 2, 3 and 4) and such other interval and-the beginning .of the next inter! 4 val. Parallel with the column of value indicia and ydate spaces l arrange .ma plurality 'of figures, such for instance, asbraces, each val. These figures will be arranged yin a column so that the portion of one ligure that represents the ending .date of an interval will be contiguous to the portion of the following figure that represents the beginning date of thenext interval, and so that these contiguous portions will equally index `the associated date or date space and will be re Vthe interval it begins.

statement to the effectthat any owner may at his option change the terms of the instrument in respect to its being payable to bearer and cause-the instrument to become negotiable 'by indorsement only, by Vsigning v an order embodied in the certificate to that eect, a suitable space to receive the signature of the person who may wish thus to change it,l blank spaces to receive data personally descriptive of the person who signs the order to aid in identifying the signer When he, desires to cash lor further negotiate it, and'directions for signing the order and inserting the identification data.

It isproposed to manufacture these instruments in suitable principal amounts with blank data spaces and to furnish them to the banks in this form together with a reciprocal multiple date holding stamp constructed so that when superimposedupon the instrumentI the several date holders of the stamp Will exactly fit the several-blank date spaces in the certificate and at one impression of the stamp W insert therein the appropriate beginning and ending dates of the several intervals of the term. It is intended that these certificates will be 'preferably issued and sold by the bank in considerable numbers to employers who will transfer them by delivery to employees in lieu of cash in payrolls. The employees can in 'turn negotiate or cash them at banks, stores and other places by delivery, but because'of the simple arrangement of date and amount indicia Workmen, -including foreigners and others unable to read the language or'understand or compute interest, will immediately understand that `the certificate is increasing in value and precisely' how much will be paid at any desired future date. Thus the instruments save the workmens time, absorb the savings and new capital created by employees vpromptly before it is otherwise dissipated and effectively transfers the money of a community to the banks. It is intended that as soon as a certificate has reached aperson who can hold it more or less permanently for its increased value he will convert it into an instrument payable to-.order by inserting his signatureJ` in the space provided therefor in the certificate and filling inthe identification spaces with data personally descriptive of his persona-l and physical characteristics.

Referring more particularly to the. drawings, A,- (Fig. l) represents the body of the instrument which comprises an acknowldates.

nasasos edginent of the deposit of the principal sum with a blank space as shown at (L in which to insert the name of the depositor, the value indicia representing the amounts payable during each of, the intervals of the term arranged progressively in a column f. the blank spaces to receive the date of the instrument and the several succeeding dates that limit the several intervals of the term at g, and arranged in a column parallel thereto the interval figures c. In Figs. l and 2 the column of interval figures c is placed at the left of the date spaces and value. indicia which alternate in one column. ln Fig. 3 the saine relationship or association is established with the value indicia.- and date spaces in separatel columns. In the several drawings the interval figures are each comprised of three parts, as follows: a part associated with the value indicia. and a part associated withthe date space or date for the beginning of the related interval marked from, and a` part associated with the date space or date for the end of the interval and marked until, The from portion of each figure is placed contiguous to the until portion of the preceding ligure so that both portions articulate with the middle of the date space in such a manner that the space would b `e bisccted by a line extending 'forward so that. the said space is indexed equally by each of the in'terval figures and reeiprocally indexes equally each of the said figures, so that when a date is inserted in such space it is indexed as the ending date of one interval by the until portion of the figure and as the beginning date. of the sueceeding interval by the from portion of its figure. Also each value indicia is thereby equally associated with two dates. the date representing the beginning of the interval for which said value indicia represents the value of the instrument and associated with the, from portion of the intervals ligure` and the date representing the end oi' the interval andassociated with the until portion of the ligure. Thus each date after the first by means of its relative position and its association with the from and until portions of the `interval figures indexes with equal certaint.v '-two of the.value indicia. and reciprocally each walue indicia except the last indexes with equalcentainty two Thus in looking at any date one-is instantly referredto two of the value indicia, the one for the interval ended by it and the one for the interval begun by it. In looking at any value indicia one .is instantly referred to two dates, the one beginning the interval for which it represents the value of the instrument and the one ending the interval.

` The instrument also embodies a statement b to the effect that the bank will pay the bearer the proper amount shown to be payable on the date of presentation,l together with a notice'that any /ovvner may change the terms of the instrument as to its being payable to bearer and make it payable to order thereafter by signing an order einbodied thereon to that efect, together with `a printed order form, a space to receive the signature of the owner Wishing to make the f order effective, and spaces to containA data Jl()` descriptive of physical Orothei" characteristics of the person l'that signs the order at' l to aid in identifying him vvhen he desires to cash or negotiatettheinstrument.

F ig. 2 illustrates an .instrument in the 115 amount of $5.00 after havinghad impressed thereon in the several date spaces the appropriate dates lto :indicate` the dateof the instrument and the division of the term into suitable intervals. The First space in g contains the date June 10, 1910 which performs the double functionof giving the date l to the instrument and fixing the beginning date of the `first interval. The second g space `has received the date Oct. 10, 1910 Which terminates the first interval and marks the beginning of the second'interval.

The valueindicia associated with the irs't interval figure is $5.00 and isequally associated Avvith the lbeginning and ending dates 3 0 of the interval by position and the from and until port-ions of the interval figure/respectively. Thus $5.00 is thevalue ofthe instrument' during this interval, which is four months. The third space g has -rei ceived the date Feb. 10, 1911 making the 'secondinterval four months.'V The 'associatedvalue indicia is. $5.05 4vvhi'ch amount is the value of the instrument any time during the second interval. .This amount T0 indicia indexes-or indicates the beginning 'and ending dates of the interval. The tourth date space has received the date .lune 10th, 1911 making .the third interval four months and the value indicia asso- 45 ciated with that interval `isi $5.10. Tn

this drawing the intervals are represented of equal length but `it is obvious that the intervals may be of' irregular length. To

show the elasticity of the instrument/ and' one of its valuable features the fourth value y indicia representing the value o f the instrument at the end of the first three intervals and during thel fourth interval is$520 making the compensation to the holder )during the third interval of four months as great as the compensation for holding it through the entire first tvvo intervals of four months .'each. This feature. of the instrument enab'lesl the-bank to adju-st thev compensation for deposited money on a basis more equi` tably adjusted tothe demandand supply of money as effected by seasonal and other causes in any given community. Thus if the bank determines that the supply and 85 demand for money in 'a community during nmaintaining bank Fig. 4 illustrates ya form Yof the instrument chronological. intervals, and

Ithe months of July, ugust andiSepteInber leither oftwo Ways, by having the instru?l ments-printed with suitablevalue indicia to effect the resultorby ychanging the length of the interval.- The use of these certicates generally in any community properly adjusted to the. local variations in the supply and demand for money Will result in deposits and thereby lessen disturbance of loans and commercial activities d uring such periods. Fig. 3 represents an. instrument in thev amount kof $500.00 made -payable to order i omitting the order and signature spaces shownat a? in Figs. 1 and. 2. The columns of value indicia 7 and date spaces g are -shovvn in this figure. as occupying parallelv positions instead ,of'alternating in the same 85 column. Tn'thisjfigure a space g is provided for the year dates` in such'relative position to'the month and day indicia as to make repetition of the yearindicia unneces sary.

in which the month day indicia are made a permanent part of the instrument by being embodied in the printed form as `shown at g,

fthe numerals 1 to 30 inclusive the proper 95 one of which will be selectively indicated by' a punch or other means of identification at the time the instrument is dated and issued."

4Having novv described my invention and l illustrated the same by means of the accompanying drawings, what T claim asnew and desire to secure by Letters Patent is: y

1`. An instrument of obligation chronologically of progressively increasing value 'payable on onev o1' more dates during each' 105 of a plurality of consecutive-intervals `durlng. a term, involving value l1nd1c1a, each representing one of the several progressively increasing values',l and each representing the value ofthe instrument during one of the provided with a date vspace structurally positioned in association vvithfeach'` of said value indicia, said date spaces being adapted to contain date llegends and being so positioned With rela 115 tionto Vsaid value indicia that each date space after the first will index or point out two consecutive value indicia and eachof the value indicia, except the last, will point out or index two successively positloneol w@ date spaces.

2. Tn an instrument of the class described, the combination of acertificate of obligation embodying value indicia representing progressively increasing fixedamounts yof principal and interest payable during consecutive intervals and provided With date spaces associated With the value indicia and so positioned relative to the value indicia that all of the date spaces but one index y tWo of the value indicia `and'tliat all of the value indicia but one index two of the date spaces.

3. An instrument of obligation chrono-y logically of progressively increasing value payable on one or more dates during each of a plurality of consecutive intervals dur-l ing a term, embodying value indicia representing progressively increasing amounts of inoneyi each ofthe value indicia representing the value of the instrument. during one ofv the said intervals7 and provided with spaces for the reception of Written or printed dates structurally associated Withv each of the said value indicia, said spaces being so positioned With relation to the said value indicia that each date space after the first Will signify tivo consecutive value indicia and each of the said value indicia except the last Will signify two successive date spaces.

4. An interest bearing certificate of obligation payable on one or more dates during each of a pluralityof consecutive intervals during a term, embodying value indicia representing progressively increasing amounts of principal and interest, and each representing the value of the instrument during one of the intervals, and provided With spaces forl the reception of Written or printed dates structurally arranged in definitely fixed relation to each of the said value indicia, said date spaces being so positioned with relation to tliesaid value indicia that each date space after the first ivill index or point out tivo consecutive'value indicia and'eaeh of the saidvalue indicia except the .last \v1ll index or point outtwo successive.

date spaces, the date spaces being arranged in such order that prescribed successive date indicia may be made therein by one iinpression ol? a multiple dating stamp or press. l g

In aninstruincnt 'of the class described, the combination of a certi'licate of obligation embodying value indicia representing pro- A'.

gressively increasing ixed amounts of principal and interest payable during consecutive intervals. date indicia associated ivilh the value indicia and a plurality of iigurcs each 'comprising a portion associated with C one of the value indicia` a portion associated with tlie date indicia marking the beginning L. H. HANizLiK, L..E. Boocn. 

